Mon, 18 Nov 2024 | MBO/MBI
Merseyside-based HVAC specialist Kimpton, which counts ex-Beatle Paul McCartney as a client, has completed a management buyout for an undisclosed sum.
The Bromborough-based business specialises in M&E, HVAC, commercial fit-out, and service and facilities management and celebrated its 60th anniversary last year. Its work has included designing and installing the HVAC systems when Paul McCartney co-founded the Liverpool Institute of Performing Arts in 1995 and the entire water and gas pipe network at retail and leisure site Liverpool One.
The company will now be led by a team including new managing director Tim Davis who was formerly the company’s general manager and Linzi Kelly who steps up to become financial director.
They are joined on the board by five experienced colleagues from the existing senior team – Paul Cooper, Scott Bennett, Paul Davies, Andy Morgan and Matt Breakwell – who share many years of operational, service and project delivery expertise.
Departing chief executive, Richard Kimpton, who himself completed an MBO from his father and company founder Eric Kimpton in 2001, will remain invested in the business and will continue to support the MBO team in a non-executive capacity as part of a long term succession plan.
Long-serving Kimpton director, Ron Tierney, will retire from the business following the MBO, while Colin Swanick is also retiring as a director but will remain employed within the business.
The move follows a period of marked expansion over recent years, led by the new management team, which has seen Kimpton broaden the diversity of its revenue through an expansion of its service offer into full facilities management, turnkey commercial and science fit-out, with a focus on decarbonisation and net zero solutions, alongside the team’s developed MEP specialism in high rise residential construction.
Davis said: “Our strong customer base continues to grow, encouraged by our expanded range of services, and the dedication of our team. The vision we have for the company is ambitious and yet pragmatic."
Richard Kimpton said he had started the MBO process over five years ago. “It has been a privilege to lead Kimpton for the past 23 years. We are lucky to have such a highly experienced leadership team here, some of whom have been with us since they were apprentices. I have no doubt that the MBO team that we have in place will continue to build upon our long history, and are the right team to secure both long term stability and growth aspirations for Kimpton as a trusted company within the industry.”
Find out more about the increasing popularity of Management Buy-Outs
A well-established player in the architectural aluminium systems, door hardware and ventilation products market, based in the South of England and serving a long-standing customer base in the UK commercial construction industry.
The company’s core activities are interior design, office and premises refurbishment, fit-outs and alterations. Established in 2005, our client operates a cash flow and profit-friendly business with minimal staffing overheads which relies on trusted...
This is a unique opportunity to acquire a reputable construction company based in Bedfordshire. The business is available on a leasehold, freehold or relocatable basis depending on the buyer.
30
|
Apr
|
Westcotts buys agricultural specialists Douglas Green | BUSINESS SALE
South West chartered accountants and business advisers Westc...
29
|
Apr
|
Palletower continues acquisition spree with Alternative buy | BUSINESS SALE
Sale-based storage and logistics equipment provider Palletow...
29
|
Apr
|
Ilkley Brewery bought out of administration | BUSINESS SALE
Businessman Graham Smith, has agreed an investment deal with...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.